The Renminbi and Poor-country Growth

Christopher Garroway, Burcu Hacibedel, Helmut Reisen and Edouard Turkisch

EconStor Open Access Articles and Book Chapters, 2012, vol. 35, issue 3, 273-294

Abstract: The paper estimates i) the degree of currency undervaluation and its relationship with per capita income (convergence), as informed by the Harrod-Balassa-Samuelson (HBS) framework. ii) The role of the real effective exchange rate, both its level and its stability over time, for underpinning growth in developing countries, especially in large dual economies such as China and India. iii) New empirical evidence on growth linkages between China and poor countries for the last two decades and on potential displacement effects of renminbi (RMB) appreciation.

Keywords: Renminbi; China impact (search for similar items in EconPapers)
JEL-codes: F15 F31 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (11)

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Related works:
Journal Article: The Renminbi and Poor‐country Growth (2012)
Working Paper: The Renminbi and Poor-Country Growth (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:122945

DOI: 10.1111/j.1467-9701.2011.01408.x

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